Songa Venus - first optional well exercised under the Shell Development (Australia) contract
Songa Offshore SE is pleased to announce that the first of three optional wells
has been declared by Shell Development (Australia) under the contract for Songa
Venus. The well has further been assigned to MEO Australia Limited.
The well has an estimated duration of 30 days.Â Shell Development (Australia)
continues to have the right to exercise up to two additional optional wells with
an estimated duration of 50 to 60 days each.
Songa Venus is currently drilling the first well under the mentioned program.
Limassol, 21 July 2010
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(Norwegian Securities Trading Act)
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Source: Songa Offshore SE via Thomson Reuters ONE